What is high labour turnover

what is high labour turnover

Youth more dynamic in the labour market

Youth are more likely than people aged 25 and over to transition in and out of the labour force. They are also more likely to move between spells of employment and unemployment, and move around within the workforce.

A higher worker turnover rate suggests a greater number of people are moving in, around, and out of the workforce. Between 2007 and 2011, the average worker turnover rate for youth in any given quarter was 28 percent. For people aged 25 and over, the average worker turnover rate was only 13 percent. This means that around 1 in 4 youth changed their workplace in any quarter, compared with only 1 in 7 for people in other age groups.

Figure 1 gives a more detailed breakdown of the youth population compared with people aged 25 and over.

%img src="http://m.stats.govt.nz/%3C/p%3E%0D%0A%3Cp%3E/media/Statistics/browse-categories/income-work/employment-unemployment/Youth" /%

We can also analyse the youth labour market by examining movements between labour force categories for people interviewed in consecutive quarters in the HLFS.

The likelihood of remaining employed, unemployed, or not in the labour force (from one quarter to the next) differs between age groups. Youth are less likely to remain in the same

labour force category. Over the previous two years, the likelihood of a 15–24-year-old remaining employed between quarters was around 89 percent, while the likelihood of remaining not in the labour force was just under 77 percent. Roughly one-third of unemployed youth remained unemployed.

Figure 2 shows that these proportions are much lower than those for people aged 25 and over.

%img src="http://m.stats.govt.nz/%3C/p%3E%0D%0A%3Cp%3E/media/Statistics/browse-categories/income-work/employment-unemployment/Youth" /%

Youth are more likely than people aged 25 and over to move between labour force categories. Overall, people aged 25 and over only have a higher likelihood of moving from unemployment into employment – which may reflect the difficulties young people face when looking for employment.

Figures 3 and 4 show that youth have a greater likelihood of leaving the labour force after being either employed or unemployed the previous quarter. This is partly a reflection of more youth moving in and out of study.

Figure 5 shows that youth are just as likely to enter the labour force as employed as they are to enter it as unemployed. Youth are also more likely than people aged 25 and over to enter the labour force in general. largely due to their movements in and out of study.

Source: m.stats.govt.nz

Category: Bank

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